Australia 3Q CPI +2.2% On Yr; Consensus +1.8%. Australia 3Q CPI +1.2% On Qtr; Consensus +0.8%. No more rate cutss. Buy IAG



Comments

Please sign in to comment on this wire.

Deryn Knott

AUD strength a headwind for exporters, but an Australian domicile business such as IAG should be left largely unscathed. Bushfires may create small catastophe expense. Much greater benefit from increased earnings from higher rates. IAG has strong margins on their gross written premium to boot.

James Marlay

What about AUD strength? Or has the RBA shown their hand on this one?